Capital expenditure incurred in West Bengal was lower than the average of other general category states during 2014-15, according to a CAG report. The CAG report, released today, said capital expenditure accounted 8.66 per cent of total expenditure during 2014-15, which was below the level of 14.91 per cent incurred by other general category states. This, it said, was indicative of the failure of the state in utilising high-cost borrowed funds in accelerating development activities. During 2014-15, revenue receipts of Rs 86,514 crore registered a growth of 18.70 per cent, while revenue expenditure stood at Rs 1.03,652 crore. The report said revenue deficit during 2014-15 came down, however the revenue deficit as a percentage of state GDP was 2.14 per cent, against the target of 1.29 per cent. The state had been able to bring down the total liabilities closer to the ceiling of FRBM Act, the CAG report stated.